Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Lippo Karawaci Tbk > News item |
Moody’s rates Lippo Karawaci notes Ba3
Moody's Investors Service said it assigned a senior unsecured bond rating of Ba3 to the proposed 2026 senior unsecured notes to be issued by Theta Capital Pte. Ltd., a wholly owned subsidiary of Lippo Karawaci Tbk.
The bond is guaranteed by Lippo Karawaci and some of its subsidiaries, Moody’s said.
The proceeds will be used toward the redemption of $403 million senior unsecured notes due 2020 issued by Theta Capital, the agency said.
The successful refinancing exercise will extend Lippo Karawaci's weighted average debt maturity profile with the company's next major debt maturity of $410 million due in 2022, Moody’s said.
Lippo Karawaci also has a Ba3 corporate family and negative outlook.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.